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that was two days after president obama won reelection. the president knows i'm the most reasonable and responsible guy in washington. you know in some ways john boehner has proven to be reasonable over the years. in june 2002 during george w. bush's first term in office, congressional republicans were faced with the issue of raising the nation's debt ceiling. that's the limit for how much the country can borrow to pay for things. no politician ever likes to raise the debt ceiling. nobody likes to think the country has to borrow money, but we do. so in june of 2002 when that vote came up, he voted yes. let's raise the debt ceiling. it's the responsible thing to do. november 2004, john boehner voted to do it again under president bush to raise the debt ceiling. april 2005 at the start of bush's second term, john boehner votes in favor of raising the debt ceiling. so matter how opposed you might be to borrowing money, however, distasteful it is to you, everybody realizes as long as we are borrowing money, not raising the debt ceiling would b
that was two days after president obama won reelection. the president knows i'm the most reasonable and responsible guy in washington. you know in some ways john boehner has proven to be reasonable over the years. in june 2002 during george w. bush's first term in office, congressional republicans were faced with the issue of raising the nation's debt ceiling. that's the limit for how much the country can borrow to pay for things. no politician ever likes to raise the debt ceiling. nobody likes...
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Nov 28, 2012
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one that will relent on tax increases to make a deal with president obama? house speaker john boehner said no way. >> i told tom earlier in our conference meeting that i disagreed with him. you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on the program. >> well, thank you, alex. nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among some folks in our circle, the fiscal mole hill. you have advocated going over the fiscal cliff as a way for both democrats and republicans to make a deal and i will call to mind -- i will call to everyone's attention comments you made at the brookings institution this summer when you said if the bush tax cuts expire every proposal will be a tax cut proposal and the norquist pledge will no longer keep re
one that will relent on tax increases to make a deal with president obama? house speaker john boehner said no way. >> i told tom earlier in our conference meeting that i disagreed with him. you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on...
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Nov 28, 2012
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what's interesting during the obama campaign, i was on an e-mail list. bill woods in these notes housing barack obama is a bigger china basher than mitt romney. mitt romney is not a real genuine chinese basher but we are. no one is talking but china now but it was a real red meat issue during the debate. does everyone remember talking about china? it's disappeared. as you raised it and i want to come back to something that michel's initiative and to think about the harvard business school, was it hard talk about china? we're talking 1 billion people coming online. we were at a dinner the other night with the bono which was the opening performer for us the night before, the ceo of the bankamerica and we got a discussion about china. and bono said, if we're not careful china will annex the continent of africa. that there's so much deep investment, they have so much concern, so much strategic interests across the way, and america is largely absent. which brings back these questions, we get this stuff right, is this directed just at making us feel good, or d
what's interesting during the obama campaign, i was on an e-mail list. bill woods in these notes housing barack obama is a bigger china basher than mitt romney. mitt romney is not a real genuine chinese basher but we are. no one is talking but china now but it was a real red meat issue during the debate. does everyone remember talking about china? it's disappeared. as you raised it and i want to come back to something that michel's initiative and to think about the harvard business school, was...
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Nov 28, 2012
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he has seemed to be driven by his personal animus towards barack obama president obama in his policy pronouncements. i have no belief that john mccain went into that meeting and wanted to come out with a fair assessment. that's his political calculation. the other thing for the republican party is look who they put out there to talk about their opposition to rice. they had to throw kelly ayotte out there with no foreign policy experience because even they understand going after this woman, going after this -- another african-american official in the obama white house, i know it's unpopular to say, but they seem to have a pattern that isn't helpful politically so i don't see what the margin is. >> senator ayotte has political m a bigg ambition. >> and she's a woman. >> our power panel, my thanks to all three of you. >>> we are waiting for remarks from president obama who is expected to speak from the white house within the half hour. the president surrounded by middle-class americans as he intends to build up his support to avert the impending fiscal cliff. >> the mandate that the pre
he has seemed to be driven by his personal animus towards barack obama president obama in his policy pronouncements. i have no belief that john mccain went into that meeting and wanted to come out with a fair assessment. that's his political calculation. the other thing for the republican party is look who they put out there to talk about their opposition to rice. they had to throw kelly ayotte out there with no foreign policy experience because even they understand going after this woman,...
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Nov 28, 2012
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obama is back in. and one of the clearest issues in that election was that taxes should be raised and raised on the rich. that gives the president even more leverage. i think the president has enormous leverage. if we do go over the cliff in terms of tacks? we go back to the clinton tax rates, which as i remember it, were not so onerous. they certainly were pretty good in terms of the economy. the economy did not suffer. the economy did much better under clinton than bush. i don't think at least on the tax side, going over the cliff is that big of a deal. it's not really a cliff at all as you suggested and if we get major cuts in the military and defense spending, i'm not sure that's a bad idea at all. >> now, joy reid, we all deal with being dumped in different ways. that is the choice grover has made tonight on cnn. let's watch. >> i don't see any movement toward ts republicans wanting to raise taxes or people wanting to break their pledge. in fact, to be fair to everybody, some of these people have
obama is back in. and one of the clearest issues in that election was that taxes should be raised and raised on the rich. that gives the president even more leverage. i think the president has enormous leverage. if we do go over the cliff in terms of tacks? we go back to the clinton tax rates, which as i remember it, were not so onerous. they certainly were pretty good in terms of the economy. the economy did not suffer. the economy did much better under clinton than bush. i don't think at...
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Nov 28, 2012
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and there's a few other tax provisions that barack obama put in place. and -- host: let's focus on the income tax cuts. what happens to those? guest: theaths they'll go away and most americans' taxes go up. for the average person, average household, it would be about $2,000 more in taxes next year. for upper income people it could be between $5,000 and $20,000. for lower income people, maybe a few hundred dollars. people would see that immediately in january because their monthly withholding taxes would be higher. their biweekly withholding taxes would be higher. so it would be an immediate effect. host: let's take a look at the existing tax brackets, what they are now, and the new tax brackets. this is a chart that shows taxable income. host: given that, how much revenue is the treasury expecteds to get if these tax cuts are not extended? guest: if none of the bush tax cuts are extended it's going to generate a huge amount of revenue. about $500 billion a year or about $4.5 trillion over the 10-year window which is what we usually discuss. so basically
and there's a few other tax provisions that barack obama put in place. and -- host: let's focus on the income tax cuts. what happens to those? guest: theaths they'll go away and most americans' taxes go up. for the average person, average household, it would be about $2,000 more in taxes next year. for upper income people it could be between $5,000 and $20,000. for lower income people, maybe a few hundred dollars. people would see that immediately in january because their monthly withholding...
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Nov 28, 2012
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my my view, the obama administration has made the key priority clear. republicans in the same place. they are contemplating if they are antifederal wing neater are too extreme. we'll see if the administration proposes new reform. i would look for a shift to implement tight as i mentioned every oversight of things like raising the top, the waiver at the department granted, i understand the department is looking to release new rules on teacher preparation accountability. i think a much needed evaluator there regardless what those rules are, it seems to me this area is right for cooperation between senator right and the senator left i also know that secretary duncan has said a few times he wishes he has done more on childhood education. that means bite -- fighting on two fronts. choosing policy winds and building the infrastructure to support them. recognizing new e -- we have to do both the things to get the policy right but build the organization. to get that policy first implemented and then sustained over the long-term. the ground is shifting to the ke
my my view, the obama administration has made the key priority clear. republicans in the same place. they are contemplating if they are antifederal wing neater are too extreme. we'll see if the administration proposes new reform. i would look for a shift to implement tight as i mentioned every oversight of things like raising the top, the waiver at the department granted, i understand the department is looking to release new rules on teacher preparation accountability. i think a much needed...
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Nov 28, 2012
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they got to quite a good deal. >> bill: boehner and obama did. >> boehner and obama did but then it was kiboshed by the republicans. >> bill: by cantor and boehner who were a part of the meetings. the president realizes you can't get much done with them unless you do have a lot of pressure from the outside on the republican -- which is why he's meeting with small business leaders, middle class americans big business leaders going up to this toy factory in pennsylvania on friday. and again ronald reagan very effectively rallied the american people behind what he wanted. >> i think they learned a lesson of the last fiscal cliff. they realize they need to get out vand popular support. not just from the people but for business leaders. i think it is the business leaders who are going to put the pressure on the republicans to do something. >> bill: nick is calling from madison, wisconsin. the republican, madison. we love it. >> caller: first time caller. glad to be on. >> bill: glad you're here. >> caller: i really just have to say that i'm absolutely disgusted with the grover norquist thing
they got to quite a good deal. >> bill: boehner and obama did. >> boehner and obama did but then it was kiboshed by the republicans. >> bill: by cantor and boehner who were a part of the meetings. the president realizes you can't get much done with them unless you do have a lot of pressure from the outside on the republican -- which is why he's meeting with small business leaders, middle class americans big business leaders going up to this toy factory in pennsylvania on...
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present obama welcome to to the white house on tuesday. before the meeting the leaders addressed the office. the president-elect took office on saturday december to date to november 1st but joe biden allegation that the inauguration. this is 15 minutes. >> it is my great pleasure to welcome the president-elect to the oval office and to the white house this is a longstanding tradition i think the relationship between the countries we meet early with the president-elect of mexico that symbolizes the extraordinary relationship we have between the two countries. >> why >> [speaking in native tongue] with >> over the last four years i've been able to work with the what president for lady calderon and we've established an excellent working relationship, so i wish him all the best. >> [speaking in native tongue] i'm confident i'm going to establish a personal relationship with the president-elect who lino house an outstanding reputation for wanting to get things done. >> [speaking in native tongue] >> now the president i think represents the clos
present obama welcome to to the white house on tuesday. before the meeting the leaders addressed the office. the president-elect took office on saturday december to date to november 1st but joe biden allegation that the inauguration. this is 15 minutes. >> it is my great pleasure to welcome the president-elect to the oval office and to the white house this is a longstanding tradition i think the relationship between the countries we meet early with the president-elect of mexico that...
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Nov 28, 2012
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word that president obama will have lunch at the white house with his former rival, mitt romney. governor romney will be in town meeting with paul ryan. before the president's comments, house speaker john boehner and other republicans met with reporters saying they're willing to consider new sources of revenue as a solution to avoiding the fiscal cliff but will not consider raising marginal tax rates. this is about 10 minutes. >> good morning, everyone. in going over the fiscal cliff -- going over the fiscal cliff will hurt our economy and hurt job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table, as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. and we're going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all know that we've had the spe
word that president obama will have lunch at the white house with his former rival, mitt romney. governor romney will be in town meeting with paul ryan. before the president's comments, house speaker john boehner and other republicans met with reporters saying they're willing to consider new sources of revenue as a solution to avoiding the fiscal cliff but will not consider raising marginal tax rates. this is about 10 minutes. >> good morning, everyone. in going over the fiscal cliff --...
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Nov 28, 2012
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the american people made their wishes clear in this last election, they supported president obama, and they want this congress to get going and to get the job done. but at the rate we're going, we are all going no place fast except over a cliff, and as you pointed out, the impact of going over this cliff will be devastating to our overall economy but particularly for those that are the most vulnerable -- our children and our mothers and our elderly women. so i want to congratulate my colleague and partner in so many efforts for women, children and families and for working americans and really for getting a compromise, for getting a solution that will keep us from going over this fiscal cliff. i yield back to my distinguished colleague. ms. schakowsky: i want to underscore i think a pretty shocking statistic. you mentioned that the united states of america is 50th in infant mortality. was that the -- mrs. maloney: yes. ms. schakowsky: and here we're so wealthy and yet we're 50th in the world in infant mortality. so one being the best, of course, and you mentioned that countries that we
the american people made their wishes clear in this last election, they supported president obama, and they want this congress to get going and to get the job done. but at the rate we're going, we are all going no place fast except over a cliff, and as you pointed out, the impact of going over this cliff will be devastating to our overall economy but particularly for those that are the most vulnerable -- our children and our mothers and our elderly women. so i want to congratulate my colleague...